ADA coin growth stages
#ADA , the official currency of the Cardano blockchain platform, has had an interesting journey since its launch in 2017. Here's a look at the highlights of its growth:
1. Seeds (2015-2017):
The idea for Cardano was started in 2015 by Charles Hoskinson, #Ethereum , one of the founders.
The funds were raised through an initial coin offering (ICO) in 2017, in which 2.5 billion ADA were sold.
2. Germination (2017-2020):
The Cardano mainnet was launched in 2017, but had limited functionality
The team focused on developing the network's core infrastructure and protocol development.
ADA saw significant price fluctuations during this period, reaching a peak of $1.38 in January 2018 and then falling to less than $0.03 in December 2018.
3. Growth (2020-2021):
Cardano began gaining momentum in 2020 with the launch of Shelley, the first phase of network development that allows for decentralized governance.
2021 saw the launch of Alonzo, a phase that enables smart contracts on the Cardano network.
This led to a huge surge in interest in Cardano and its potential applications, sending the price of ADA soaring to a historic peak of $3.10 in September 2021.
4. Stability (2022-present):
However, there is still a lot of interest in Cardano and its long-term project.
The team is currently focusing on developing other phases of the Cardano network, such as Basho and Voltaire, which will increase scalability, security and decentralization.
